Posts Tagged by Iraq’s Parliament

Iraq’s parliament passed a new law on Saturday barring Prime Minister Nuri al-Maliki from a third term, as members of the country’s Sunni community staged mass protests against his leadership. Iraq’s parliament passed a new law on Saturday aimed at blocking Prime Minister Nuri al-Maliki from serving a third consecutive term, as the Shiite premier faced growing pressure from mass […]

* Unclear telecoms regulation creating confusion * Gov’t officials, lawmakers disagree on decision Iraq’s parliament has ruled that three mobile operators must pay $2.85 billion in licence fees and fines within a month, overturning a deal allowing them to pay over five years, lawmakers and officials said. The ruling late on Wednesday could reinforce investor worries about unclear […]

BAGHDAD – Iraq’s parliament is investigating some 20,000 government employees who appear to have used fake diplomas and other forged education certificates to get their jobs, a lawmaker said Sunday. Layla Hassan, a lawmaker and member of an investigatory panel, said employees with fake credentials may include ministers, deputy ministers and other top lawmakers. “Some of those who have fake education […]

* Iraq budget projects $13.4 billion deficit * OPEC producer looks to oil revenue to repair war damage By Suadad al-Salhy BAGHDAD, (Reuters) – Iraq’s parliament gave final approval on Sunday to an $82.6 billion budget for 2011 based on an average oil price of $76.50 per barrel and 2.2 million barrels per day in crude exports. The deficit was projected […]

BAGHDAD – Iraq’s parliament approved eight new ministers on Sunday but Prime Minister Nuri al-Maliki has yet to decide who will hold sensitive security posts in the cabinet such as defense and interior. Maliki’s new government was approved in late December after nine months of political wrangling but he left 10 cabinet posts with acting leaders, keeping the Defense Ministry, which […]

Many investors are taking a hard look at investing in Iraq. Iraq’s Parliament approved Prime Minister Nouri al-Maliki’s 42-member cabinet. Iraq’s growing stability, hard for many to imagine just a few years ago, now sets the stage for economic development and foreign investment. As the security issues are slowly getting resolved, investors are getting closer to taking the next steps to […]

BAGHDAD- Iraq has set up its first dedicated court for investment and commercial lawsuits, a move designed to reassure foreign investors and attract them to the war-ravaged country, the head of the court said on Monday. Ameer al-Shimery, the chief justice of the court, said it had been established in November after a year of preparation. For the court to have […]

As Iraq’s Parliament approves Prime Minister Maliki’s 42-member cabinet, the increasingly stable country is aiming to build its economy and draw foreign investment. Translation: Opportunities for U.S. companies could be significant. The evolution of Iraq passed a milestone today, as the country’s Parliament approved Prime Minister Nouri al-Maliki’s 42-member cabinet. Iraq’s growing stability, hard for many to imagine just a few […]